1380 – 22 Street SE, Medicine Hat, Alberta
- Prime Mixed-Use Property: This newly constructed, mixed-use asset offers a strategic location in Medicine Hat with easy access to the high-traffic Dunmore Road SE. The property features two strong tenants: 7-Eleven/Esso and Mint Smartwash, ensuring stable, long-term income with minimal vacancy risk.
- Long-Term Leases: Both tenants are locked into long-term, triple-net leases with an average weighted lease term of 18.31 years. This ensures predictable, steady cash flow over the long term, with minimal landlord responsibilities. Additionally, the leases include contractual rental escalations, providing built-in income growth.
- Strong Retail Tenants: The tenants—7-Eleven, a global leader in convenience retail, and Mint Smartwash, an established car wash brand—bring high customer traffic to the site. This enhances the visibility and desirability of the location, making it an attractive destination for retail and service customers alike.
- Future Development Potential: With 8,700 square feet of undeveloped land available, there is significant potential for future growth. The Mixed-Use zoning provides flexibility for additional development, such as drive-thru retail, allowing for further rental income and value appreciation.
- High-Quality Construction: The property is newly built, ensuring minimal capital expenditure in the near term. Key features include an express car wash with a conveyor wash tunnel belt, a 7-Eleven convenience store, and ample parking, all contributing to a high-quality, service-oriented retail asset.
Property Description
Retail service-oriented property with an express car wash (Mint Smartwash), Esso gas canopy, 7-Eleven convenience store, and 8,700 sq. ft. of undeveloped land. The property offers 8 regular parking stalls, 24 vacuum/hand drying parking stalls, 4 accessible parking stalls, and immediate access to Dunmore Rd SE.
Broker Details
Avison Young +1 403 808 2295
Broker Details
Avison Young +1 403 875 4318
Broker Details
Avison Young +1 403 819 6932
Broker Details
Avison Young +1 587 897 2344
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Lot Size: | 12.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
503 Georgia Avenue
Bristol, Tennessee
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout